Teacher Retirement System of Texas Purchases New Position in Nova Ltd. $NVMI

Teacher Retirement System of Texas purchased a new position in Nova Ltd. (NASDAQ:NVMI) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 4,302 shares of the semiconductor company’s stock, valued at approximately $1,375,000.

Several other hedge funds also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC grew its position in shares of Nova by 3.2% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 1,200 shares of the semiconductor company’s stock valued at $375,000 after purchasing an additional 37 shares in the last quarter. Quantum Portfolio Management LLC grew its position in Nova by 53.1% during the third quarter. Quantum Portfolio Management LLC now owns 1,790 shares of the semiconductor company’s stock valued at $572,000 after acquiring an additional 621 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its stake in Nova by 6.4% in the third quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,428,607 shares of the semiconductor company’s stock worth $456,669,000 after purchasing an additional 86,438 shares during the last quarter. Bank Hapoalim BM lifted its stake in shares of Nova by 5.1% in the 3rd quarter. Bank Hapoalim BM now owns 910 shares of the semiconductor company’s stock valued at $291,000 after acquiring an additional 44 shares during the last quarter. Finally, Sequoia Financial Advisors LLC purchased a new stake in shares of Nova during the third quarter valued at approximately $239,000. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on NVMI shares. Benchmark raised their target price on Nova from $280.00 to $345.00 and gave the stock a “buy” rating in a research note on Friday, November 7th. Evercore ISI boosted their target price on shares of Nova from $290.00 to $340.00 and gave the company an “outperform” rating in a report on Friday, November 7th. Weiss Ratings restated a “hold (c)” rating on shares of Nova in a research note on Monday, December 22nd. Morgan Stanley initiated coverage on shares of Nova in a research report on Monday, December 1st. They set an “equal weight” rating and a $335.00 price objective on the stock. Finally, Jefferies Financial Group increased their target price on Nova from $360.00 to $390.00 and gave the company a “buy” rating in a research note on Monday, December 15th. Six equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $348.57.

Nova Trading Down 8.0%

NASDAQ:NVMI opened at $457.84 on Monday. The company has a debt-to-equity ratio of 0.62, a current ratio of 4.58 and a quick ratio of 4.00. The business has a fifty day moving average price of $367.71 and a 200-day moving average price of $319.92. The firm has a market capitalization of $13.46 billion, a price-to-earnings ratio of 59.85, a price-to-earnings-growth ratio of 2.76 and a beta of 1.84. Nova Ltd. has a one year low of $153.99 and a one year high of $507.27.

Nova Company Profile

Nova Measuring Instruments Ltd (NASDAQ: NVMI) develops and supplies advanced metrology and process control systems for the semiconductor manufacturing industry. The company’s core product line includes spectroscopic ellipsometry and scatterometry tools designed to measure film thickness, critical dimensions, overlay alignment and other key parameters that drive yield and performance in integrated circuit fabrication.

Founded in 1993 and headquartered in Rehovot, Israel, Nova Measuring Instruments has established itself as a critical partner to leading semiconductor foundries and device manufacturers.